Final Expense Insurance allows the family to feel secure knowing that the funeral costs, burial costs, and other arrangements are already taken care of should a loved one pass away. Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are expenses with a death that can, on average, exceed $18,500 in Massachusetts and New Hampshire.
Most families have a hard time coming up with these funds quickly without having a final expense insurance policy. That’s where final expense (or burial) insurance comes in. If you are looking for life insurance coverage that covers the cost of your death and funeral arrangements, final expense insurance may be right for you. Start today, call us at 617-800-0899 or click here.
Help your family deal with final expenses
Most people do not like to talk about end-of-life issues, it is important to plan for them. Final expense life insurance can help protect loved ones from having to pay these costs out of pocket. The death benefit is usually used to pay for final medical bills and other end-of-life expenses, like burial or cremation, items like caskets and urns, and more.
When my mother in law died, we were devestated and had over $20K of funeral expense bills to sort through. We were streed about how we will cover these expenses. Luckily my wife remembered that a policy was purchased years ago and it was for $15K! It did not cover everything but helped us a great deal. I highly recommend that you buy a policy for elderly parents and ensure that you facure in the inflation.Monic Thompson | Brookline MA
In 2021, the average funeral exceeded $18,000. This number is rising each year. In most cases, a basic funeral service will include a memorial, death certificates for the deceased, and housing the remains. In addition to those costs, there are also charges involved for goods and services, such as transportation, preparation, and embalming, use of the funeral home, a casket and headstone, a burial plot, gravesite, the burial service, or alternatively, cremation. There may also be additional costs, such as flowers and the printing of memorial cards.